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NASSCOM PGA Labs Tech Start-ups: Quarterly Investment Factbook (Q3 CY21)

November 17, 2021 3631 0 Product/Startups

NASSCOM PGA Labs Tech Start-ups: Quarterly Investment Factbook (Q3 CY21)

A quarterly funding update on Tech start-ups highlighting key trends and facts about the Indian tech start-up ecosystem during the quarter. It covers funding details by volume, value, stage, and other metrics. Includes a separate section on five key verticals- FinTech, HealthTech, RetailTech, EnterpriseTech and Edtech that highlights key trends and themes reflecting the different strategies adopted by ecosystem players.

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Key Highlights

Funding continued to be strong and steady:

  • $ 6.1B funding received in this quarter down by ~6% Q-o-Q
  • Continued focus on late stage, accounting for more than 50% of deal value
  • Edtech and FoodTech dominated this quarter funding and account for >45% of deal value

 Early-stage funding majorly drives deal flows

  • 121 funding deals down by ~24% Q-o-Q
  • ~50% deals were in 3 specific verticals - Enterprise Tech, FinTech and Ed Tech
  • Lower ticket size deals dominate; 14 deals were of ticket size >US$ 100M

Unicorn additions continue to soar in the Indian tech start-up ecosystem

  • 13 unicorns added taking total unicorns in India to 66 (till Sept 21)
  • 5 out of 13 Unicorns added in Q3 CY21 are from EdTech and Fintech sector
  • Zomato and CarTrade Tech got listed on stock exchange in Q3 CY21

Other Key Trends:

  • Indian start-ups remain attractive, raised >US$ 6B in two consecutive quarters in CY21
  • 15% of deals by volume catering to start-ups leveraging DeepTech solutions
  • B2C start-ups led the race in deal value and raised over US$ 4.7B across 70 deals

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